Healthcare institutions are an integral part of any country, and many of them have long histories. For instance, St. Joseph Hospital is a full-service, not-for-profit healthcare system serving the greater Nashua area, headquartered in New Hampshire (St. Joseph Hospital, n.d.-a). St. Joseph Hospital was established in 1908 by Monsignor Henri Milette, the priest of St. Louis de Gonzague (St. Joseph Hospital, n.d.-b). Now, the organization includes a 208-bed acute care hospital and numerous outpatient clinics in eleven locations (St. Joseph Hospital, n.d.-a). However, having a long history and many locations, the organization is not public and, therefore, does not have publicly traded stocks.
Additionally, it is essential to review the types of the company. St. Joseph Hospital is regarded as a privately held company, more specifically, a corporation (St. Joseph Hospital, n.d.-c). Moreover, the official website emphasizes that the company is not a nonprofit (St. Joseph Hospital, n.d.-a). What is noteworthy is that the hospital is a subsidiary of Covenant Health Systems, Inc., and the total operating revenue of St. Joseph Hospital for the fiscal year of 2021 is $239,389 million (Covenant Health Systems, 2022). In comparison, total operating expenses for the same year are $240,723 million (Covenant Health Systems, 2022). The target client group for the company is people who seek medical help, from diagnostics to treatment and rehabilitation. As a result, the services the organization provides include diagnostic imaging, emergency care, surgery, primary care, pediatrics, and others (St. Joseph Hospital, n.d.-a). Therefore, the company is capable of providing holistic care to clients.
As for the SWOT analysis, among the strengths of the organization is its emphasis on individual and specialized care. For instance, hospitals have separate treatment programs for the elderly and women. As for the weaknesses, the organization has experienced significant losses in the last few years, according to the annual financial reports (Covenant Health Systems, 2022). The threat is that its liabilities exceed assets, which might impede healthy growth and advancements. Still, the opportunity for the hospital is to become among the well-known hospitals that provide full coverage of patients’ bills with the help of grants and donations. St. Joseph Hospital’s mission is to be a Catholic institution that treats the whole person. In turn, the hospital’s values involve compassion, cooperation, and excellence. Its ethics and work environment are founded on diversity and patient prioritization.
References
Covenant Health Systems. (2022). Covenant Health, Inc. and subsidiaries. Web.
St. Joseph Hospital. (n.d.-a). About us. Web.
St. Joseph Hospital. (n.d.-b). Our history. Web.
St. Joseph Hospital. (n.d.-c). St. Joseph Hospital (Nashua, NH) overview. Web.